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recovering households' implicit expectations of inflation from their consumption expenditures. We show that these implicit …
Persistent link: https://www.econbiz.de/10010295815
growth in response to an aggregate oil price shock. We find that the elasticity was stable near -0.3 until the end of 2014 …
Persistent link: https://www.econbiz.de/10013557347
response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity …
Persistent link: https://www.econbiz.de/10014290260
Persistent link: https://www.econbiz.de/10012991174
recovering households' implicit expectations of inflation from their consumption expenditures. We show that these implicit …
Persistent link: https://www.econbiz.de/10005083136
response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity …
Persistent link: https://www.econbiz.de/10014250001
response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity …
Persistent link: https://www.econbiz.de/10014358334
growth in response to an aggregate oil price shock. We find that the elasticity was stable near -0.3 until the end of 2014 …
Persistent link: https://www.econbiz.de/10013554901
response to an aggregate oil price shock. Time-varying estimates do not support the view that the gasoline demand elasticity …
Persistent link: https://www.econbiz.de/10014254946
A common practice in empirical macroeconomics is to examine alternative recursive orderings of the variables in structural vector autogressive (VAR) models. When the implied impulse responses look similar, the estimates are considered trustworthy. When they do not, the estimates are used to...
Persistent link: https://www.econbiz.de/10014240870